2007-01-16 09:14:07 · 5 answers · asked by mattyana1989 1 in Business & Finance ➔ Personal Finance
A Bank is highly unlikely to give you anything simply because you have a 'good idea'.
They will want to see a properly presented Business Plan, and (knowing most Banks), some sort of 'guarantee' they will get their money back. Typically you have to give personal guarantees that means you risk being made Bankrupt (and loose you home) if it all goes bad.
One alternative is to form a Limited Company and contact a 'Business Angel' investor. No risk of loosing your house, but (typically) they will want to take at least 50% of your Company and (at the very least) they will want to see working models of you invention/idea working in practise and have sight of the Patents / Trademarks / Copyrights you have (to prevent some-one else simply copying your idea).
2007-01-16 09:35:08 · answer #1 · answered by Steve B 7 · 0⤊ 0⤋
Here is an article http://wiz.sc/Loans with some information on loan options and the best plans.
2007-01-17 04:09:25 · answer #2 · answered by mikalob092 1 · 0⤊ 0⤋
business loans try this to get easy loans from worldwide banks visit http://wwww.freewebs.com/getyourloan
2007-01-17 01:48:57 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Try www.surefirefinance.co.uk they do commercial loans and you can apply online.
2007-01-17 07:44:35 · answer #4 · answered by Anonymous · 0⤊ 0⤋